Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and discuss what was the best bet we made in the last few months.

Here are the highlights:

🤢 Copper Mine Fiasco

🤩 High-Grade Gold In Guyana

🤑 New Found Makes New High-grade

🤢 Copper Mine Fiasco

Minto Metal’s copper mine in Yukon faced environmental concerns and violations, according to an inspection report on April 26 by Yukon authorities. 

Issues with contaminated water storage and waste management were raised.

Minto assured the government of control on May 5, but on May 12, the company abruptly ceased operations and abandoned the mine.

The government swiftly took over, stating there was no immediate environmental risk.

Minto still owes CAD 18 million for cleanup costs and CAD 2.5 million in royalties to the Selkirk First Nation.

The TSX Venture Exchange suspended trading of Minto shares on May 18.

What a complete 💩 show.

🤩 High-Grade Gold In Guyana

Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) announced additional outstanding drill results, targeting the significant expansion potential for the Wenot resource from the company's Omai gold project in Guyana.

Highlights:

31.1 m of 4.07 g/t Au

9.6 m of 3.38 g/t Au

A total of 3,569 m have been completed in 11 holes in 2023. The company has a market cap of under C$23m, even with a nice pop on the news today.

🤑 New Found Makes New High-grade

New Found Gold Corp. (TSX-V: NFG) (NYSE-A: NFGC) just announced results from one diamond drill hole that was completed as part of a drill program designed to test new target areas along the northern segment of the Appleton Fault Zone 15 km west of Gander, Newfoundland and Labrador.

Highlights:

3.25 m of 95.7 g/t Au

This new zone is being called Jackpot, and the original release has a couple of cool-looking visible gold photos. Check it out!

🐦 Tweet Of The Day

Happy Speculating!

The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.